It has a shitload of problems though - non reversible transactions, mistakes in addresses (I have to be so careful making sure I've copied the correct address when sending) - we all make mistakes when doing this sort of thing - the addresses are too complex: FACT) when sending money/coins.
1. Generally speaking, every time you pay for something with cash at something like a garage sale, craigslist, kijiji, backpage.. etc where the transaction is person to person, it's non typically non reversible.
2. Mistakes in addresses when sending money, yeah, it can get annoying, which is why they have labels, novelty wallets, and QR codes to get it right the first time. Your argument also applies to cash in the sense that you can always accidentally pay the 'wrong person' and there'd be no way to verify who took your money.
3. Ever lose cash that fell out of your pocket before? Bitcoins don't fall out of their wallets lol.
Obviously the deflation aspect of the currency whether you believe that train of thought or not, the reality is people are pissed off for having spent their coins in the past because of their value now, including me~! and this is proof in the real world, not theory that deflationary currencies have serious issues.
It's natural for inflation to slam a currency, take the purchase power of $100 back in the year 1950. If you refer to
this andex chart from 2007, look to the bottom left side where you see the $100, and look at the very right hand side where the year is 2007. You'll notice how that $100, just on the inflationary index has grown significantly. People who have issues spending so many bitcoins in the past for things like food, restaurants, etc.. shouldn't think like that. Everything was cheaper back then. Gas is another example of things that were cheap that got expensive. Out of our control.
Is this forum skewed and a dangerous place to lurk for advice and an objective view?
I agree with you in the sense that there are some pretty screwy members on here, as well as other bitcoin related sites. But this community is well blended, and it's safe to have an expectation that you will get honest, reasonable advice. If someone's totally off the wall, other members will jump in. If it happens once, it happens a million times. Fear not!
btw, this is from a person that started mining in 2011 and has a quite a few bitcoins, I also have the inherent human emotion called greed and lust.
Just because it's being discussed in senate and some corporations are embracing it means fuck all, seriously! It's all fueled on speculation and what the price will be tomorrow, next week, next year....it's east to tap into someone elses greed, we all want more money - as it is, we have to get up early on Monday mornings to make a living....
Thanks.
Yeah, that's pretty natural. If you fought the temptation to sell off bitcoin at $30, then $40, then $50, $80, $100, $120, $180.. and higher.. up until now, then you sir have balls of steel. Greed is part of human nature, and so is speculation. We all have those traits.. otherwise things like Wall St (or Bay St in Toronto) wouldn't exist. So yeah, you brought up a good point.
